CAC 2000 turns to debt refinancing as losses deepen on sharply lower revenues

CAC 2000 Limited is pursuing debt refinancing to stabilise its working capital position as losses deepen on sharply lower revenues, underscoring persistent liquidity challenges at the air-conditioning contractor.
For the three months ended January 2026, CAC 2000 posted revenue of $81.5 million, a 57 per cent decline from $190.4 million in the corresponding period a year earlier, while recording a net loss of $80.9 million, compared with a $58.6-million loss in the same quarter of the prior year.